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Fly News Breaks for October 7, 2019
FLT
Oct 7, 2019 | 06:59 EDT
RBC Capital analyst Daniel Perlin initiated FleetCor with a Sector Perform rating and a price target of $324. The analyst is positive on the company's recent momentum toward regaining its earnings growth while generating organic growth with its "Beyond Fuel" strategy by expanding sales for construction supplies, payroll, and companion cards for general accounts payable. At 24-times his expected 2020 earnings however, Perlin sees the stock trading in line with its peer group average.
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